** Shares of medical supplies distributor Owens & Minor OMI.N fall 1.9% to $13.98 premarket
** Co reports preliminary Q4 revenue of $2.67 bln to $2.70 bln, below analysts' estimates of $2.73 bln - LSEG-compiled data
** Reports prelim Q4 adj. profit of 52 cents to 55 cents per share, compared with estimates of 53 cents per share
** Reports prelim Q4 adj. core earnings of $135 mln to $140 mln vs estimates of $155.51 mln
** "Today's announcement will likely create more questions about underlying margins given the adjusted EBITDA underperformance in the quarter (on softer revenues as well)" - brokerage Leerink Partners
** Co also says it is commencing a process to raise additional debt to finance its Rotech acquisition
** Co in July said it has agreed to buy medical equipment firm Rotech Healthcare for $1.36 billion in cash to expand its presence in home-based care
** Stock had fallen 32.2% in 2024
(Reporting by Sneha S K)
((Sneha.SK@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.